We understand that the failure of someone to pay their debts to you can be of great concern. There are steps that needs to be taken prior to moving towards Bankruptcy but to make an individual bankrupt you must be owed at least £5,000 (or owed by a company for an amount exceeding £750.00 in order to wind up a company) and the debtor appears either to be unable or to have no reasonable prospect of being able to pay the debt.
We can clearly explain the process and court procedure to recover money and other assets available to pay off the debts:
If you are having difficulty either paying or obtaining payment from either an individual or a company, Altion Law can assist with resolving the matter. Please call our team on 01908 414990 or complete our call back form for one of our team to contact you within the next working day.